Target Healthcare REIT (LON:THRL) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Target Healthcare REIT (LON:THRLGet Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 111.93 and traded as high as GBX 112. Target Healthcare REIT shares last traded at GBX 109, with a volume of 1,369,040 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 101 target price on shares of Target Healthcare REIT in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 101.

Get Our Latest Report on THRL

Target Healthcare REIT Stock Performance

The firm has a 50 day moving average price of GBX 111.98 and a two-hundred day moving average price of GBX 107.32. The company has a market cap of £700.87 million, a P/E ratio of 8.99, a P/E/G ratio of 1.48 and a beta of 0.71.

About Target Healthcare REIT

(Get Free Report)

Our investment objective is to provide shareholders with an attractive level of income together with the potential for capital and income growth, from a portfolio of UK care homes, diversified by tenant, geography, and resident payment profile. We only invest in modern, purpose-built homes.

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